please answer within 30 minutes. Consider the following forecasting model:x^t,t+1=axt+(1-a)x^t-1,tIf a decreases from 0.5 to 0.2, then in the forecastfor period , which of the following statements istrue? Select all correct answersIt will give more weight to the most recentobservation.It will give more weight to potential trends indemand.It will decrease the forecast error.It will give more weight to the most recent forecast.The forecasted value will be smaller.None of the above.

The given question is about exponential smoothing.

Consider the following forecasting model: x^t,t+1=axt+(1-a)x^t-1,t If a decreases from 0.5 to 0.2, then in the forecast for period , which of the following statements is true? Select all correct answers

Consider the following forecasting model: x^t,t+1=axt+(1-a)x^t-1,t If a decreases from 0.5 to 0.2, then in the forecast for period , which of the following statements is true? Select all correct answers

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Question

please answer within 30 minutes.

Consider the following forecasting model:
x^t,t+1=axt+(1-a)x^t-1,t
If a decreases from 0.5 to 0.2, then in the forecast
for period , which of the following statements is
true? Select all correct answers
It will give more weight to the most recent
observation.
It will give more weight to potential trends in
demand.
It will decrease the forecast error.
It will give more weight to the most recent forecast.
The forecasted value will be smaller.
None of the above.

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